Prepare Form IT-370 extension

Form IT-370 payment, filing, and late penalty

The New York Department of Taxation and Finance (DTF) doesn't accept federal Form 4868 as the extension request.
The DTF accepts the Form IT-370 extension with no payment.
You can use Form IT-370 for both the extension request and the accompanying voucher for making a payment.
A balance due extension filed electronically needs to include electronic funds withdrawal.
The DTF supports electronic filing of Form IT-370.
The DTF also provides a means for taxpayers to make payments online or by telephone.

The taxpayer pays at least 90 percent of the tax by the original due date by withholding, estimates, or additional payments.
The taxpayer files an extension request by Form IT-370 by the original due date. This includes making any federal or state extension payments online.
The taxpayer files Form IT-201 or Form IT-203 by the extended due date.
The taxpayer pays the remainder of the tax due by the extended due date.

Prepare Form IT-370

Calculate the amount due based on current data entered:
Mark the
Calculate Extension
checkbox on the
NYExt
screen.
Select
Setup
, then
1040 Individual
.
Select the
Federal
tab.
Select
Extensions
to select the method for calculating the extension payment amount.
note
When using
File
, then
Print Extensions
to select multiple clients at once for electronic filing, the application marks the
Calculate Extension
checkbox if the
Create an extension without total tax liability amounts
checkbox is not marked.
To force the amount to pay with Form IT-370, enter an amount in the
Balance due on extension (Force)
fields on the
NYExt
screen.
To let the taxpayer decide the extension payment amount: Leave the
Calculate extension
and
Balance due on extension (Force)
fields blank on the
NYExt
screen. When using this option, the application leaves the payment amount field blank on Form IT-370.

Print the extension

Prepare the return after filing an extension

Amount actually paid with extension:
The amount paid with the extension is reported in the Payments and refundable credits section of Form IT-201 or Form IT-203. Enter the amount on the
NYExt
screen in the
Extension payment actually made; reportable on main return
field. UltraTax CS populates this field when you create the extension. Change the data entry for this amount if the taxpayer paid some other amount.
note
If you filed an extension via some means other than UltraTax CS, enter the actual amount paid with the extension in the
Force
field. By doing so, UltraTax CS will automatically complete data entry in other fields, including fields for the extended due date and the amount actually paid with the extension.
Date return filed
. Enter this on the
NYPen
screen. If the date exceeds the extended due date, the application calculates the late penalty on the unpaid balance due.
Extension not required to be attached to return
. The DTF doesn't need a copy of the federal or state extension when filing the return.